1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
bija089 [108]
3 years ago
11

Amber's employer, Lavender, Inc., has a § 401(k) plan that permits salary deferral elections by its employees. Amber's salary is

$99,000, and her marginal tax rate is 24% and she is 42 years old.a. What is the maximum amount Amber can elect for salary deferral treatment for2019?
Business
1 answer:
Mila [183]3 years ago
3 0

Answer:

For 2019, the maximum amount that any individual can elect for salary deferral treatment on a 401k distribution is the lesser between: 100% of their salary or $19,000.

in this case, Amber earns much more than $19,000, so the lesser amount would be $19,000.

If Amber contributes more than $19,000 to her 401k account, then she would have to pay taxes for the extra amount contributed.

You might be interested in
Which statement is true? A. The vaule of money that you save increases over time B. The vaulue if money remains constant over ti
Alex_Xolod [135]

Answer:

A

Explanation:

You can think about this like how you put money into a bank and let the interest pile up over time.

7 0
3 years ago
Solar Innovations Corporation bought a machine at the beginning of the year at a cost of $25,000. The estimated useful life was
tatiyna

Answer:

The correct answer is Double-declining-balance.  The highest net income in year 2 is 6000.

This higher net income don´t mean the machine was used more efficiently under this depreciation method.

Explanation:

In the file attached you will find a depreciation schedule for each of the alternative methods.  

Each method need different calculus.  

Straight-line

depreciation expense=(Original Value  -Residual Value)/Useful life=

depreciation expense=4400

Units-of-production

estimated productive life  10000

Units of Production Rate=(Original Value  -Residual Value)/estimated productive life=2,2

Double-declining-balance.

Depreciation rate = 1/useful life *100= 20,00%

Download xlsx
4 0
3 years ago
The $1,000 par value bonds of uptown tours have a coupon rate of 6.5 and a current price quote of 101.23. what is the current yi
Paul [167]

Hello, to get the current yield of the bond, determine first the<span> annual interest payment which is calculated as stated interest rate times the face value of the bond. In this question, the bond’s value is $1,000 and the stated interest rate is 6.5 percent, therefore, the annual interest payment is 65. Finally, the annual interest payment of 65 is divided by the current market price quote of 101.23 to get the current yield of 64.21%. Hope this helps.</span>

4 0
3 years ago
The _________ strategy involves a firm using different marketing mix activities to help consumers perceive the product as being
nadezda [96]

Answer:

product differentiation

Explanation:

A product differentiation strategy focuses on distinguishing your company's products or services from the competition. The company must add meaningful and valued differences that will distinguish our product or service in order for our customers to view them as different or better. The goal of a differentiation strategy is to gain a competitive advantage since customers associate differentiated products to higher quality products.

7 0
3 years ago
Income Statement, Retained Earnings Statement, and Balance Sheet The amounts of the assets and liabilities of Glacier Travel Ser
pashok25 [27]

Answer:

  Income Statement Dec. 31, 20Y6

<u>           Glacier Travel Service                 </u>

Total revenue                        $900,000

- Wages expense                 ($425,000)

- Rent expense                     ($180,000)

- Utilities expense                 ($75,000)

- Supplies expense               ($38,000 )

<u>- Miscellaneous expense     ($37,000) </u>

EBIT                                        $145,000

<u>- Taxes                                   ($30,000)</u>

Net profit                                $115,000

4 0
3 years ago
Other questions:
  • A $6,000, 60-day, 12% note recorded on November 21 is not paid by the maker at maturity. The journal entry to recognize this eve
    15·1 answer
  • According to an old myth, native americans sold the island of manhattan about 400 years ago for $24. if they had invested this a
    6·1 answer
  • The Attaran Corporation manufactures two electrical​ products: portable air conditioners and portable heaters. The assembly proc
    13·1 answer
  • In the context of trend analysis, what is base amount?
    5·2 answers
  • Peete Company identifies the following items for possible inclusion in the physical inventory. Indicate whether each item should
    7·1 answer
  • Assume you were an employee at an organization like IKEA, and Fortune surveyed you for it's 100 Best Companies to Work For list.
    15·1 answer
  • A list of investments held by an individual is a
    8·1 answer
  • Which type of degree is earned after a master’s degree?
    15·2 answers
  • Accompanying the bank statement was a credit memo for a short-term note collected by the bank for the customer. What entry is re
    12·1 answer
  • What are some of the reasons that foreign manufacturers of products as diverse as automobiles, cell phones, and tires might arri
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!